The global Unsaturated Polyester Resins (UPR) market is estimated to
grow from USD 8.59 Billion in 2016 and is estimated to USD reach 11.91
Billion by 2022, at a CAGR of 5.59% between 2016 and 2022. SMC will
remain the largest market by value and volume, mainly because of its
greater flexural strength and tensile strength than BMC.

Asia Pacific will be the largest market during the forecast period due
to growth in end use segments. Asia Pacific and Rest of the World
markets are expected to grow significantly by virtue of the growing
construction and pipe & tank segments. Growing economy, growth in
population, and urbanization are the major forces that drive the
construction segment, especially in China and India.

The major drivers for market growth are the increasing demand for
lightweight materials, and performance benefits of reinforced composites
over rival materials. Emerging trends, which has a direct impact on the
dynamics of the industry, include avoiding the usage of styrene as the
major raw material for manufacturing UPR.

Business expansion and acquisition are the key strategies adopted by
major players in this market to sustain the market competition. Strict
regulations laid by EPA, DOE and ANSI regarding product storage and
exposure is one the biggest challenge faced by the companies in the
industry